General Electric Company Securities Litigation (2019)

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Lawsuit Overview

Defendant:General Electric Company
Date Filed:February 1st, 2019
Sector:Energy
Industry:Consumer Electronics/Appliances
Class Start Date:December 27th, 2017
Class End Date:October 29th, 2018

Plaintiff's law firm issued a press release on February 1, 2019, announcing the filing of the lawsuit. According to the press release, the Complaint alleges that GE and its Chief Executive Officer violated the Securities Exchange Act of 1934 by issuing false and misleading statements relating to the U.S. Securities and Exchange Commission's expanded investigation into the Company's accounting practices, including investigating GE's $23 billion goodwill impairment charge. The Company announced the Power Charge on October 1, 2018, and the SEC investigation began shortly after.

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First Identified Complaint

Ezra Birnbaum, et al. v. General Electric Company, et al.

Date Filed:February 1st, 2019
Class Period Start:October 12th, 2018
Class Period End:October 29th, 2018
First Identified Complaint Filings
#Document TitleFiling Date